'Uh, Yeah': Trump Says It's 'Ok' if He Causes a Recession

[BumRushDaShow]

Source: MEDIAite

May 2nd, 2025, 10:15 pm


President Donald Trump acknowledged that his trade policies could lead to a recession, but said ultimately, “We’re gonna do fantastically.”

Trump sat down with Meet the Press host Kristen Welker for an interview that will air on Sunday’s program. MSNBC teased the conversation with a brief clip on Friday:

WELKER: Some people on Wall Street have expressed concerns that the possibility of a recession is increasing. And I wanna know what you think about that. Are you comfortable with the country potentially dipping into a recession for a period of time if you are able to achieve your long-term goals?

TRUMP: Well, you know, you say some people on Wall Street say. Well, I tell you something else. Some people on Wall Street say that we’re gonna have the greatest economy in history. Why don’t you talk about them? Because some people on Wall Street say this–

WELKER: Well, that’s what I’m getting at. That’s what I’m getting at, though. It’s the same question.

TRUMP: There are many people on Wall Street say this is gonna be the greatest windfall ever happened.

WELKER: And that’s my question. The long term. Is it ok in the short term to have a recession?

TRUMP: Remember this. Look, uh, yeah. It’s– everything’s ok. What we are, I said this is a transition period. I think we’re gonna do fantastically.

Trump sent markets reeling last month when he announced sweeping tariffs on almost all imports.

Read more: https://www.mediaite.com/tv/uh-yeah-trump-says-its-ok-if-he-causes-a-recession/

[PSPS]

1. LOL. the stabel jenius and his "short-term recession" that "some people" say things about

[Bengus81]

2. Hope it's hugely Trump. The only way people will wake up to this NAZI........

[Falcon101]

3. Some People Say

Why is there never a follow up question on who are those people.

[yardwork]

4. Welker did a great job sane-washing and feeding him answers.

What a joke.

[CrispyQ]

5. Welker is worse than Chuck Todd. -nt

[Littlered]

6. I reinvested heavily

When the markets were down, and my portfolio has absolutely been killing it. I have never paid much (if any) attention to “economists .” As this interview points out. You can always find the economic answers you want to hear. That doesn’t make them reality.

With that being said. It’s a wonder how some of these clowns still have a job.

Economists and weather forecasters are some of the only professions where a person can be consistently wrong, and stay well employed.

[Rebl2]

7. How

can he say a recession is okay when he’s president, but under Biden it would have been the end of the
world 🙄

[PortTack]

9. He doesn't care because tariff money, and their will be lots is going to the US treasury...an account that

Is listed as discretionary spending with orange man in control of it. He sees it as his money. So no, I don’t think there’s going to be much relief from the damage he is doing.

[BadgerKid]

11. Make money on the way down, make money on the way up.

It would be surprising if policy collusion weren't happening under T.

[IronLionZion]

8. OK for him, but screw the rest of us

The tariff trade war's effects are going to be long term. Retailers and factories put in their orders now for Christmas stuff. Lots of business purchases and planning are put on hold because they don't know the pricing with tariffs. So expect shortages and high prices for plenty of stuff before "they move manufacturing jobs back to the US".

Kind of like Mexico paying for the wall. We don't hear much about that these days. or the price of eggs. Or his promise to lower prices on day one. We're past day 100 now.

[usonian]

10. Things in Germany "got worse before they got better"

People fall for fascist lies.

Welcome to the FAFO States of America.

Let's stop wannabe Shitler ASAP.

https://www.democraticunderground.com/100219770873

[Wiz Imp]

12. He's lying again. There is not a single person on Wall Street saying we're gonna have the greatest economy in history.

Not a single one. From The April 2025 Wall Street Journal Economic Forecast Survey:

As seen in the “Recession Probability” section, the average response as to whether the economy will be in a recession within the next 12 months was 45%. The individual estimates, of those who responded, ranged from 1% to 99%. For reference, the average response in January’s survey [the previously published survey] was 22%.

Notice not a single person in the survey was willing to bet there would definitely not be a recession this year.

Economic Forecasts
The current average forecasts among economists polled include the following:

GDP:
full-year 2025: .78%

full-year 2026: 1.83%

full-year 2027: 2.12%

Those are terrible forecasts.

In 2024, the U.S. economy saw a GDP growth rate of 2.8%, a slight decrease from the 2.9% growth in 2023.

The next 3 years forecast are way below actual GDP growth for the past 2 years and Trump claims that people are saying it will be the greatest economy in history? Beyond delusional. It's insanity. And it's a clear lie that there are Wall Street people who agree with trump.

https://www.economicgreenfield.com/2025/04/13/the-april-2025-wall-street-journal-economic-forecast-survey/

[progree]

16. Not to mention that the first estimate of Q1 GDP was a *NEGATIVE* 0.3% annualized growth rate.

there are two more Q1 GDP estimates coming: the second one at near the end of May, and the third and final near the end of June.

[Martin68]

13. The Big Man talking big. He has already made significant changes to his tariff attack because of the market response.

When he sees the polls after a recession starts, he'll be blaming Biden and Obama and nobody will believe him.

[Javaman]

14. Have you noticed that each and every time he speaks now

He lowers expectations.

It’ll get to the point where he will say, “food? Eat? You may have to eat only once or twice a day. No more of this extravagant 3 times a day!”

Yeah, Mr day one 🙄

[EndlessWire]

22. "Mr. Day One"

Yeah, I like that...

[progree]

15. Even the much touted Friday jobs report of 177k more jobs was really just a 119k gain compared to the previous (April 4)

jobs report.

The prior 2 months' job gains (February and March) combined were revised down by 58k. With these revisions, we had only 177k - 58k = 119k more jobs reported Friday May 2 then were reported in the previous job report:

The April 4 report's total nonfarm payroll employment: 159,398k [1]
This (May 2 report's) total nonfarm payroll employment: 159,517k [2]
159,517k - 159,398k = 119k, matches the above.

[1] https://www.bls.gov/news.release/archives/empsit_04042025.htm -- Table B-1

[2] https://www.bls.gov/news.release/archives/empsit_05022025.htm -or- https://www.bls.gov/news.release/empsit.t17.htm -or- https://data.bls.gov/timeseries/CES0000000001

Simply stated, both the expected (138k) and actual jobs growth (119k) were pretty feeble.

And yet the newly minted Secretary of Labor Lori Chavez-DeRemer proclaimed "The Golden Age is Here". I shit you not. https://www.democraticunderground.com/1116100418


REVISIONS of the prior 2 months: down 58,000, from the BLS news release:
https://www.bls.gov/news.release/empsit.nr0.htm

The change in total nonfarm payroll employment for February was revised down by 15,000, from +117,000 to +102,000, and the change for March was revised down by 43,000, from +228,000 to +185,000. With these revisions, employment in February and March combined is 58,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.

LBN thread of the Friday jobs report: https://www.democraticunderground.com/10143451730

[BumRushDaShow]

17. Yeah that revision of last month's

that I saw you had posted yesterday, was a bit of a doozy and I figured it would probably bring the entire quarter average down (since he came into office in January).

[progree]

20. Here's the rolling 3 months average of the headline payroll jobs numbers

from January 2022 onward --
https://data.bls.gov/timeseries/CES0000000001
Click on More Formatting Options link near the top right
then check the check boxes like 3-Month Net Change and whatever else you want
and then click on the Retrieve Data button

In thousands --



The last number: 464k, averages to 155k/month
The FOMC raised rates from March 2022 to July 2023

I figured it [the downward revisions of February and March] would probably bring the entire quarter average down

Yup, they are lower than they would otherwise be.

[Ursus Rex]

18. The USA literally just had the best economy 4 months ago.

The current state and trend don’t bode well. And TSF is a lying failure of a wanna-be businessman.

[OverBurn]

19. Gaslighting dickhead, not what he said to get elected. Stock market, everything was gonna be great, day one.

[raccoon]

21. Of course, it's going to be OK with him. He won't have to worry about how to pay his rent/mortgage payment/medical

bills/dental bills/groceries/etc.